What is an "acceptable" stablecoin? Dollar-pegged stablecoins are similar to narrow banks. The issuer accepts dollars and invests these dollars in risk-free bonds. In nominal dollar terms, the only risk-free bond is U.S. Treasury securities. Specifically, since stablecoin issuers must be able to provide physical dollars when holders redeem, they only invest in short-term Treasury bills (T-bills), which are bonds with maturities of less than one year. With almost no duration risk, its trading behavior is almost equivalent to cash.
For example, Tether USD (USDT):
1. Authorized Participants (AP)

The Favourable Information behind the surge of DOLO The rise of DOLO is not only a result of market sentiment but also a combination of multiple favourable information: 1. Expectations of cooperation with WLFI.
The Trump family's related project World Liberty Financial (WLFI) plans to establish deep cooperation with Dolomite, including Treasury-linked vaults and USD1 stablecoin access. This potential collaboration has sparked immense imagination in the market.
2. Amplification of Narrative Effects
WLFI is imbued with distinct political overtones, injecting DOLO with visibility that transcends

On 8/26, the layout for BTC/ETH last night with a short order strategy accurately reached the target level. We entered short orders around 111500 and near 4620. Although the market surged beyond expectations, it did not affect our judgment of the overall trend. In the early morning, the market fluctuated and fell, plummeting to a low of around 109219 and 4331. As the market direction exceeded expectations and reached the target level, we locked in profits in a timely manner. The short order layout for BTC and ETH captured nearly 2000 points and around 270 points of space, successfully hitting

The afternoon layout for Bitcoin/Ethereum at 112800 and around 4730 showed a bearish trend, with the market continuously fluctuating downwards. As of now, BTC and ETH have dropped to a low of 111700 and 4615 respectively, with ETH again making over 100 points in space. All strategies were publicly laid out in advance. Congratulations to the frens who followed the strategy and secured a significant opportunity.

Who is Satoshi Nakamoto? Satoshi Nakamoto (Satoshi Nakamoto) is the creator of Bitcoin. He published the Bitcoin White Paper in 2008 and launched the Bitcoin network in 2009. Although Satoshi Nakamoto is believed to own about 1.1 million Bitcoins, worth over $12.5 billion, his true identity remains unknown, and these Bitcoins have never been moved since 2010.
It is estimated that Satoshi holds about 1.1 million Bitcoins, worth over 125 billion dollars at current prices.
These coins have remained untouched since 2010, so most people believe they are essentially "dead."
If these Bitcoins fluctua

As ETH has soared 75% since June to near historical highs, a capital feast surrounding Ethereum is quietly spreading to Wall Street. In the old banking halls of Manhattan, cryptocurrency advocates are proclaiming the arrival of a new financial era — this time, the protagonist is no longer Bitcoin, but Ethereum, seen as a "programmable ledger." From companies holding over $6 billion in ETH to institutions trying to incorporate it into mainstream financial products, capital is betting that Ethereum is not just a speculative tool, but could also become the core infrastructure connecting Wall Stre

At the end of June 2025, a publicly traded company named BitMineImmersion Technologies launched an Ethereum treasury plan, increasing its holdings by over 135,000 Ether in the past 10 hours, bringing the total holdings to over 1.3 million Ether. The company's chairman, Thomas Lee, publicly stated: "Our goal is to hold 5% of the world's Ether."
This is not an isolated case; from traditional gaming company SharpLink to investment institution BTCS, publicly listed companies are hoarding Ether at an unprecedented rate. Strategic ETH reserve data shows that as of August this year, the total amount

This article is整理自 Bankless podcast栏目与Ethereum创始人 Vitalik的Depth对话，他回顾过去十年的发展轨迹并展望未来方向，分享了从 The DAO事件到 NFT浪潮中汲取的教训、如果重头再来会有哪些不同选择。同时，深入探讨了Ethereum不断演变的文化身份、隐私作为核心价值的定位、 L1 与 L2之间的权衡取舍，以及 Vitalik 对Ethereum在 AI 主导的未来中持续发展的构想。
David: Does the current development of Ethereum meet expectations compared to the initial vision?
Vitalik: The scale of development far exceeds expectations. Of course, the entire process has also been much longer than anticipated. When I wrote the white paper in November 2013, I originally thought this would be a side project that could be completed in a few months, after w

On the evening of August 11, BitMine Immersion Technologies, a company listed on the New York Stock Exchange, announced that as of 10:59 PM Eastern Time on August 10, the company's total ETH holdings had reached 1,150,263 coins, valued at over $4.96 billion. This not only makes BitMine the largest ETH treasury company in the world but also the only entity with ETH holdings exceeding 1 million coins.
On the evening of August 12, the U.S. SEC's public documents revealed that BitMine plans to increase the total amount of common stock available for sale under the sales agreement to a maximum of $2

According to CB Insights data, there are currently 498 AI "unicorn" companies worldwide valued at over $1 billion, with a total value of $2.7 trillion. Among them, 100 were established in 2023 and later, and the number of companies valued at over $100 million has exceeded 1,300. The core of this wealth feast is the astonishing fundraising ability and continuously rising valuations of AI startups. Anthropic is negotiating to raise $5 billion at a valuation of $170 billion, nearly doubling its valuation since March. Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, completed a $2

Diverse ecology, comprehensive empowerment
The NewBit ecosystem matrix covers:
●NBChain: A next-generation high-performance public blockchain designed for real consumption scenarios, providing underlying technical support for asset on-chain, application deployment, and transaction settlement.
●NB Wallet: A secure and convenient multi-chain asset management tool that allows users to easily manage mainstream chain assets such as BTC, ETH, BSC, and NBChain. It enables QR code payments, on-chain points, and NFT rights binding.
●UniPOS & UniMall: A crypto payment and e-commerce platform connecting

In October 2021, TMTG went public through a merger with the special purpose acquisition company (SPAC) Digital World Acquisition Corp (DWAC), with the stock code DJT. Trump is the largest shareholder of TMTG, and in December 2024, he will transfer approximately 115 million shares (worth about $4 billion) to a trust controlled by his eldest son Donald J. Trump Jr., with no sale of shares and no consideration, referred to as a "gift." This equity arrangement further solidifies TMTG's binding with the "Trump brand." Trump has also stated that he will not leave Truth Social and will not sell his s

Important news: SEC's new standards announced, is a wave of Spot ETF approvals about to unfold?
Coinbase may become the biggest winner.
Replaying 1929: The historical cycle of Bitcoin treasury companies and investment trusts, leveraging, premiums, and reflexivity; a century has passed and the essence of finance remains unchanged.
The Linea token economic model has been released. What is the reasonable valuation of LXP points?
The LXP points threshold may be 1500, with each point valued between 0.15 and 0.3 US dollars.
Robinhood Q2 financial report shines: net profit of 386 million USD, mainly

NFTs seem to be following ETH back on the road to 4000 USD, as the long-established blue-chip NFTs have thawed and revived from an 18-month ice age.
Among them, the CryptoPunks NFT series had a trading volume of over 24.6 million dollars last week, setting a record high since March 2024, an increase of 416% compared to the previous week.
On the evening of July 24, Nasdaq-listed company GameSquare announced that its board of directors has approved a strategic purchase of CryptoPunk #5577 from Robert Leshner, the founder of the DeFi protocol Compound and CEO of Superstate. According to the terms

The RWA ecosystem of DiYi exchange is built on three core pillars: technological innovation, compliance assurance, and user experience. First, on the technical level, the platform has independently developed a standardized process for asset on-chain, from equity confirmation, legal protocol design to token issuance and trading, each link is executed automatically through smart contracts. The platform has also innovatively introduced an AI valuation system that uses machine learning algorithms to price physical assets in real-time, addressing the inefficiencies of traditional valuation models.

As one of the earliest investors in the crypto world, Pantera Capital has bet on the dawn of Bitcoin, the summer of Decentralized Finance, and has also stumbled into the deep pit of FTX.
Twelve years have passed, and it is still active, even more aggressive in the new wave of coin-stock frenzy. Behind several publicly listed companies that finance coin purchases, there is a shadow of Pantera.
What kind of VC is this veteran of the encryption narrative, an immortal player on the battlefield of cycles? What new layout is being planned now?
Pantera Capital began betting on the encryption industry

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Solana founder discusses the evolution of crypto, the dominance of stablecoins, and breakthroughs in hardware.
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